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Is the BRICS development bank being established as an act of rebellion against the existing world financial order?

Crackdown begins on business use of ‘university’ title China’s ministry of education and eight other government departments overseeing business affairs this month announced a crackdown on the use of the word ‘university’ or ‘college’ for training institutions founded by business enterprises. The institutions were ordered to “rectify” their names. The move comes as prestigious institutions and business schools founded by prominent businessmen have come under scrutiny as part of investigations into their business dealings, coupled with a proliferation of unregistered and unli...

May 17, 2021 Alibaba founder Jack Ma attends a corporate event at the company's headquarters in Hangzhou, Zhejiang province in this April 23, 2013. Reuters An elite business school created by Jack Ma, the founder of Chinese e-commerce giant Alibaba Group Holding, has quietly dropped all online references to “university” in a sign that the sought-after school may be adopting a lower profile. The official Weibo account of Hupan University, which suspended new student recruitment after Alibaba-controlled Ant Group abruptly called off a mega initial public offering in Shanghai and Hong Kong l...

A closer read of embedded clues in China’s political communications reveals caution and insecurity.